We study the endogenous formation of networks between manufacturers of differentiated goods and multi-product retailers … manufacturer and a retailer. We find that only three distribution networks are stable for particular values of the degree of … the distribution networks that maximize social welfare are not necessarily stable. Thus, a conflict between stability and …

In non-union models, there is an ambiguous relationship between collusion on the product market and the resulting …

’ population guaranteeing the existence of a unique Nash equilibrium. It turns out that, at this equilibrium, both networks …